A Frightening End to QE Is Coming; The Only Question Is When: Opinion
If you remember your corporate finance class, that rapid rise in the discount rate means businesses will suddenly be worth far less than they are in today's distorted public markets. The results could be ugly and they could come sooner than expected.
An upbeat September employment report, in which job creation figures from July and August were revised upwards and the
While the report was
The Fed has made clear that it will pull the rug out from under the Treasury market (the Fed used slightly different vernacular) the moment the jobs picture looks better.Buyers in the Fed-addicted public equity markets beware. The increasingly critical role of government bureaucrats in the economy adds substantial uncertainty to public market investing. But this is good news for private investment platforms such as
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